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National e-Government Procurement portal saves $600m per year

Since its launching in 2011, the National e-Government Procurement (e-GP) portal has so far invited six and a half lakh tenders and it is saving $600 million a year, the Central Procurement Technical Unit (CPTU) said yesterday. Online tendering reduced the average time in procurement processing from 86.7 days to 58 days. ....

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